Celebrating 50 years since its founding
150 billion dirhams of financing and investments by "Abu Dhabi Development" in 97 countries
The Fund adopted a diversified investment strategy that played an important role in stimulating the UAE economy.
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Since its establishment in 1971, the Abu Dhabi Fund for Development has achieved exceptional achievements and played a leading role over the past five decades in promoting the vision and goals of the United Arab Emirates in building the economies of developing countries, supporting the national economy, and enhancing its competitiveness on a global level.
Over the past 50 years of its development and investment activities, the Fund has financed thousands of strategic projects that opened wide horizons to achieve sustainable economic and social growth for 97 countries around the world, while the volume of its development funds and investments has doubled to reach about 150 billion dirhams.
The fund adopted a diversified investment strategy, which played an important role in stimulating the economy in the UAE and in developing countries.
As a result of these efforts, the Fund contributed to the UAE's position as a global leader in the volume of development aid, as the UAE ranked first as the largest donor of development aid worldwide for five consecutive years.
support the economy
Supporting the national economy and enhancing its competitiveness constituted a strategic objective of the Abu Dhabi Fund for Development, within the framework of the policy of economic diversification, which is a firm pillar in the pioneering economic model adopted by the state. Over the past years, the Fund has worked on launching initiatives and developing new tools that would contribute to the growth of the national economy. By strengthening the role of the private sector as an effective strategic partner in the development process.
One of the main tools adopted by the Fund in its policy to support the national economy is to expand the scope of the work of national companies, by enabling them to implement and develop projects in the countries benefiting from its financing. Countries of the world.
Historic decision
His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Board of Directors of the Abu Dhabi Fund for Development, said: “Today we celebrate the historic decision issued by the late father, Sheikh Zayed bin Sultan Al Nahyan, to establish the Abu Dhabi Fund for Development, which has achieved pioneering achievements. Throughout his successful career, he is preparing today with an ambitious strategy for the next 50 years, in support of the state’s role in achieving sustainable development locally and globally.”
His Highness added that "the fund, thanks to the direct patronage it enjoys from His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, and the continuous follow-up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, has become one of the most prominent development institutions around the world, and a major contributor to building the economies of developing countries, and a support for the renaissance of peoples.”
His Highness pointed out that "the fund has succeeded over the past 50 years in managing soft loans, development grants, and technical expertise provided by the Abu Dhabi government to brotherly and friendly developing countries, enabling them to implement productive and service projects, promote economic growth, develop infrastructure, and improve the standard of life." .
His Highness congratulated the management of the fund and its employees on the occasion of the golden jubilee of foundation, and thanked them for their distinguished efforts in building the image of the state and consolidating its prestigious position in the international community.
broad horizons
For his part, His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, praised, on this occasion, the role of the Fund in supporting and strengthening the UAE’s relations with many countries of the world, through its development and economic activity, which opened wide prospects for joint cooperation and achieving the renaissance and progress of peoples. .
His Highness said: "Economic and social development is a title for the renaissance of countries and the progress and prosperity of their people. We in the UAE, over the course of five decades, have provided a unique model of development, leadership and excellence, leading to achieving advanced positions within the indicators of global competitiveness and human development."
His Highness added that "the fund plays an important role in stimulating the economic growth of the UAE and enhancing the ability and competitiveness of national companies and exports to access global markets."
His Highness pointed out that "the foresight of the future confirms our keenness to reach new horizons, based on the ability of our national institutions to keep pace with developments and face challenges, by applying the best global practices to build a competitive economy based on knowledge and innovation."
development aid
The Director General of the Abu Dhabi Fund for Development, Mohammed Saif Al-Suwaidi, said: "The Fund has effectively contributed to achieving the vision of the UAE to reach the first places in the world in the volume of development and economic aid, and to support sustainable development at the local and global levels," noting that "the achievements we have achieved came With direct follow-up by His Highness Sheikh Mansour bin Zayed Al Nahyan, who attached special importance to the objectives of the Fund, as His Highness was keen to keep the Fund at the forefront of development and economic institutions at the regional and global levels.
• The UAE has been in the first place as the largest donor of development aid in the world for 5 consecutive years.
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